Z Squared Inc.
For the period ended Mar 31, 2026. Filed May 15, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 15, 2026
ZSQR$2.30-17.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of | ||
|---|---|---|
| March 31, 2026 (unaudited) | December 31, 2025 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $5,211,188 | $5,674,302 |
| Marketable securities | 50,551 | 676,596 |
| Interest receivable | 15,287 | 7,348 |
| Prepaid assets | 631,082 | 991,903 |
| TOTAL CURRENT ASSETS | 5,908,108 | 7,350,149 |
| PROPERTY AND EQUIPMENT | ||
| Furniture and fixtures, net | 9,727 | 9,873 |
| OTHER ASSETS | ||
| Investments | 13,159,346 | 7,860,083 |
| Intangible assets, net | 316,094 | 361,250 |
| Co-development rights, net | 304,167 | 554,167 |
| Right of use asset, net of accumulated amortization | 89,251 | 18,399 |
| Total other assets | 13,868,858 | 8,793,899 |
| TOTAL ASSETS | $19,786,693 | $16,153,921 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $1,011,172 | $888,755 |
| Accrued expenses | 60,140 | 41,054 |
| Convertible notes payable, in default | 100,000 | 100,000 |
| Right of use liability, current portion | 40,323 | 18,875 |
| Customer deposit | 485,684 | 599,455 |
| Other current liabilities | 120,000 | 120,000 |
| TOTAL CURRENT LIABILITIES | 1,817,319 | 1,768,139 |
| LONG TERM LIABILITIES | ||
| SBA loan payable | 150,000 | 150,000 |
| Derivative liability warrants | 187,500 | 167,625 |
| Right of use liability, non-current portion | 53,030 | – |
| TOTAL LONG TERM LIABILITIES | 390,530 | 317,625 |
| TOTAL LIABILITIES | 2,207,849 | 2,085,764 |
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | – | – |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 10,000 designated as Series A, zero shares issued and outstanding | – | – |
| Common stock, $0.0001 par value, 150,000,000 shares authorized, 6,553,996 and 5,746,948 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 656 | 575 |
| Additional paid-in capital | 134,700,105 | 127,201,691 |
| Subscription receivable | (3,653,456) | (3,686,544) |
| Accumulated deficit | (113,870,346) | (109,953,728) |
| TOTAL STOCKHOLDERS’ EQUITY - CONTROLLING INTERESTS | 17,176,959 | 13,561,994 |
| TOTAL STOCKHOLDERS’ EQUITY - NONCONTROLLING INTERESTS | 401,885 | 506,163 |
| TOTAL STOCKHOLDERS’ EQUITY | 17,578,844 | 14,068,157 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $19,786,693 | $16,153,921 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.